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(Alliance News) - Amigo Holdings PLC on Thursday hailed recent progress at its pilot lending programme, and said talks with potential investors for a necessary fundraise are continuing.
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(Sharecast News) - Embattled cash lender Amigo Holdings reported a 66.1% reduction in its net loan book by the end of its third quarter on Thursday, to £61.2m, and a revenue reduction of 76.5% to £17.8m.
Read moreAmigo Holdings PLC - Bournemouth, England-based mid-cost credit provider - Announces a general meeting will be held on March 8. Says the main items on the agenda will be the company's capital position and the steps taken, and being taken, to remedy it - namely the company's ongoing capital raise process. Notes it has a responsibility to switch to its fallback solution - a wind-down - if it does not expect to complete the capital raise by May 26.
Read more(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
Read more(Alliance News) - European stocks closed mixed on Tuesday, while equities in New York suffered a less-than-stellar morning, as the rate of inflation in the US cooled at a slower pace than expected last month.
Read more(Alliance News) - Stock prices in London were higher at midday on Tuesday, as investors' focus shifted from the latest UK labour market report to a key US consumer price index print.
Read more(Alliance News) - Amigo Holdings PLC on Tuesday thanked the UK Financial Conduct Authority for publicly consuring Amigo Loans Ltd for failing to conduct adequate affordability checks on borrowers and guarantors.
Read more(Sharecast News) - The Financial Conduct Authority (FCA) "publicly censured" Amigo Loans on Tuesday, in lieu of a fine, for failing to conduct adequate affordability checks on borrowers and guarantors.
Read more(Alliance News) - Amigo Holdings PLC on Friday said it remains below the targeted capital raise of GBP45 million in equity financing, as sanctioned by the High Court.
Read more(Sharecast News) - Amigo Holdings said on Friday that it has received a number of expressions of interest in its capital raise, but this remains below the guarantor lender's £45m target.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Read more(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.
Read more(Alliance News) - London's FTSE 100 edged closer to a record high on Monday, with housebuilders and retailers among the star performers at the start of the week.
Read moreAmigo Holdings PLC - Bournemouth-based guarantor loan provider - Notes that so far it has been unable to find a cornerstone investor for a fundraise to fund its scheme of arrangement, but says that some investors have expressed possible interest for a minority investment. "Amigo is therefore assessing whether there is sufficient interest for a syndicate of such investors to be formed in order to support a GBP45 million capital raise," the company says. Amigo says that if it cannot achieve the planned capital raise by May 26, it will wind-down the business. The scheme allows Amigo to pay compensation to customers with a claim for redress for mis-sold loans.
Read more(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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